Blueberry_Markets
Blueberry Markets Representative
- Messages
- 46
Hi Davide,
I am unable to comment on the intelligence of the person who gave you that information, but at present, ASIC doesn't provide Negative Balance Protection in the same way that brokers in the UK that are FCA licensed.
In saying that, ASIC are proactive in their protections by ensuring that the brokers are financially stable to provide them a broking service relative to their clientele and the client funds that they have. One way they do this is ensuring that brokers conduct daily reconciliations of their margin account to ensure enough margin is available to cover adverse movements in the market.
Happy trading!
Regards,
Dean Hyde
I am unable to comment on the intelligence of the person who gave you that information, but at present, ASIC doesn't provide Negative Balance Protection in the same way that brokers in the UK that are FCA licensed.
In saying that, ASIC are proactive in their protections by ensuring that the brokers are financially stable to provide them a broking service relative to their clientele and the client funds that they have. One way they do this is ensuring that brokers conduct daily reconciliations of their margin account to ensure enough margin is available to cover adverse movements in the market.
Happy trading!
Regards,
Dean Hyde